More bankruptcies in October, downward trend

10/11/2017 15:00
The number of corporate bankruptcies has increased, according to Statistics Netherlands (CBS). There were 20 more bankruptcies in October than in September 2017. Despite this increase, the trend is still downward. Most bankruptcies in October were recorded in the trade sector.

Downward trend

The number of bankruptcies shows an irregular pattern with many ups and downs. Adjusted for court session days, the number of bankruptcies peaked in May 2013. This was followed by a downward trend, reaching its lowest level (since 2001) in August 2017. October’s increase comes after a modest rise in September, but it is premature to conclude that the increase in bankruptcies over the past two months has a structural effect on the overall trend.

Most bankruptcies recorded in trade sector

If the number of court session days is not taken into account, 288 businesses and institutions (excluding one-man businesses) were declared bankrupt in October 2017. With a total of 56, the trade sector suffered most.

Trade is among the sectors with the highest number of businesses. In October, the number of bankruptcies was relatively highest in the sector transport and storage.

Number of bankruptcies of businesses and institutions (excluding one-man businesses), by sector, October 2017

The figures in this publication are provisional and can be adjusted

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